2-bed · 2,019 sqftMarina Residences 1, Palm Jumeirah · 13th floor · completed 2009

1311, Marina Residences 1

Sold prices and rental history: sold twice, last in January 2014, and rented once, from September 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1311 · DLD and Ejari recordsUpdated 13 January 2014
Last soldAED 2.78M13 January 2014
Current rentAED 130K /yr5 September 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1311, Marina Residences 1

What is 1311 worth today?

Last sold for AED 2,775,000 in 2014

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13 Jan 2014SoldReady
AED 2,775,000AED 1,374 per sqft
5 Sep 2012RentedNew contract
AED 130,000/yr12 months · AED 64 per sqft
19 Oct 2011Sold by developerReady
AED 3,315,500AED 1,642 per sqft

Source: Dubai Land Department. Updated 13 January 2014.

Key facts

Type
2-bed apartment
Size
2,019 sqft
Floor
13th of 14
Parking
CLG+127
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 33,700 /yr
Last sold
AED 2.78M · January 2014

About 1311, Marina Residences 1

1311 is a two-bedroom apartment of 2,019 sqft on the 13th floor of Marina Residences 1, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 13 January 2014 for AED 2,775,000, or AED 1,374 per sqft, 4% above the AED 1,323 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 September 2012. The current contract, signed on 5 September 2012, is AED 130,000 a year: a gross yield of 4.7% on the 2014 price, before the service charge of about AED 33,700 a year.

Sales and rents for 1311 over time

Sales
Unit 1311, each saleTypical two-bed in Marina Residences 1
2M3M4M2010201520202025Typical sale price by year: 2010 AED 2,840,500; 2011 AED 2,825,550; 2012 AED 2,501,850; 2013 AED 2,500,000; 2014 AED 2,645,650; 2015 AED 2,670,000; 2016 AED 2,200,000; 2017 AED 2,407,000; 2018 AED 1,833,149; 2019 AED 1,725,000; 2020 AED 1,700,000; 2021 AED 2,025,000; 2022 AED 2,500,000; 2023 AED 2,700,000; 2024 AED 3,575,000; 2025 AED 3,750,000; 2026 AED 3,850,000Sold by developer, October 2011: AED 3,315,500 (AED 1,642 per sqft)Sold, January 2014: AED 2,775,000 (AED 1,374 per sqft)

1311 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1311, each contractTypical two-bed in Marina Residences 1
100K150K200K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 140,000; 2014 AED 165,223; 2015 AED 165,000; 2016 AED 160,500; 2017 AED 155,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 106,000; 2021 AED 110,000; 2022 AED 140,000; 2023 AED 163,730; 2024 AED 199,000; 2025 AED 200,000; 2026 AED 192,938New contract, September 2012: AED 130,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Marina Residences 1, and where 1311 sits

All 108 2-beds →

1311 last sold in January 2014 at AED 1,374 per sqft, 4% above what two-beds in Marina Residences 1 were fetching at the time (AED 1,323). Over the last 12 months two-beds sold for AED 3,200,000 to 4,200,000, around AED 2,119 per sqft, and rent for AED 100,000 to 310,000 a year. 1311's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Jul 20263,800,000
24 Jun 20263,900,000
22 Jun 20264,200,000
29 Apr 20263,600,000
8 2-bed sales in the last 12 months

Marina Residences 1

Building

162 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 9 sold in the last 12 months.

Typical price per sqft
AED 2,176
Typical sale
AED 3.85M
Typical rent
AED 210K /yr
Typical yield
5.1%
Marina Residences 1, Palm Jumeirah: prices, sales and rents →

Other units on the 13th floor

All 162 units in Marina Residences 1
Value
13012-bedAED 2.49M · Jan 2011
13022-bedAED 2.79M · Jan 2011
13032-bedAED 4.18M · Mar 2026
13042-bedAED 2.95M · Aug 2015
13053-bedAED 3.74M · Jul 2024
13063-bedAED 4.68M · Jul 2017
13073-bedAED 4.1M · May 2015
1–7 of 10

1311, Marina Residences 1 in numbers

  • Sold twice: first on 19 October 2011 for AED 3,315,500, last on 13 January 2014 for AED 2,775,000 (AED 1,374 per sqft).
  • Rented since September 2012 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2014 price is 4.7%, before a service charge of about AED 33,700 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 1 sold for AED 3,200,000–4,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,176 per sqft.

Source: Dubai Land Department. Updated 13 January 2014.

Questions about 1311, Marina Residences 1

What did unit 1311 last sell for?

AED 2,775,000 on 13 January 2014: AED 1,374 per sqft for 2,019 sqft. The unit has 2 registered sales; the first was AED 3,315,500 in October 2011.

What is the rent for unit 1311?

AED 130,000 a year on the contract signed on 5 September 2012.

How big is unit 1311?

2,019 sqft (187.6 sqm): a two-bedroom apartment on the 13th floor of a 14-storey tower completed in 2009.

What is unit 1311 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Residences 1 sold for AED 3,200,000 to 4,200,000 in the last 12 months, around AED 2,119 per sqft.

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Mortgage on 1311, Marina Residences 1

Starts from the last sale price (AED 2.78M, 13 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,775,000
Deposit, UAE resident (20%)
AED 555,000
Deposit, non-resident (40%)
AED 1,110,000
Monthly over 25 years at 3.7%
AED 11,353

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →